(08-01-2014, 07:39 AM)NilesMike Wrote: Any chance PM gets into the 72 handle for a 5% yield? Opportunities may start coming in with a continued dip.

I think a test of 75 is a lot more likely than 72. At the latest dividend rate, the 5% yield price is $75.20. Plus, we can expect the annual dividend raise in September, so if the price actually touches $75, that would be a real bargain. If PM were not already overloaded in my portfolio I would buy more at that price.

You are correct, my math slipped a digit. A bargain indeed, I'm hoping it gets there. That would be right around the 52 week low, similar to MCD.

I haven't been watching prices for a few days -- been taking care of family medical issues. Checked in this afternoon to see MCD closing in on $91.00?!?! Assuming I've got a few free minutes after the open tomorrow, you can be sure I'll be buying some Mickey Ds tomorrow.

(09-09-2014, 04:26 PM)Kerim Wrote: I haven't been watching prices for a few days -- been taking care of family medical issues. Checked in this afternoon to see MCD closing in on $91.00?!?! Assuming I've got a few free minutes after the open tomorrow, you can be sure I'll be buying some Mickey Ds tomorrow.

There are many negative articles about MCD on Seeking Alpha today. I have not read them so cannot comment on their usefulness but you might want to have a look.

Long MCD for the long term. A decade or so ago Mickey D's had some issues that it came through all the stronger. I assume the same will happen this time.

Just bought a few shares at just over $91. I acknowledge the bad report, the bad press, and the negative sentiment surrounding the company right now. MCD is a global juggernaut, and I don't view its current ills as an existential threat. I see them as an opportunity to get in at a better price, and I am confident that they'll get the ship turned around in the next few years and grow earnings again.

This is a good year to buy MCD. The company currently runs into all kind of small problems (competition, pressure on margins, China, sales slowdown). The stock is not expensive (trading under PE 17) but still show great dividend growth potential.

Once those problems are solve, MCD will surge back again. I always like to add stocks that are not "trendy" to my portfolio but I don't have more fund to add to my broker account . MCD weight 6% of my portfolio at the moment.